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If you plan to file a registration statement you can raise unlimited funds from such investors. However, if you are going to raise funds through an exemption from the registration requirements such as through a private place, then you will generally be limited to 35. There is not a specific limit on the amount that can be raised but generally given the resources of unaccredited investors, large amounts would not be suitable for an individual investor. Promissory notes are securities so they have to comply with the securities laws. You may want to look at some of the less costly forms of registration such as Reg. A registrations and intrastate offering exemptions.
I do not know how much you want to raise but the ranges on the safe harbor provisions of Reg. D for private placements is $1 million and you can have unlimited unaccredited investors, to $5 million with not more than 35 unaccredited investors. You can do unlimited also with the same 35 unaccredited investors but that will undoubtedly involve accredited investors.
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